The Impact of Financial Risk on Life Insurance Firms' Financial Services Businesses as a result of The Corona Epidemic

Abstract

Future unpredictability in financial services organizations is a concern that must be confronted and addressed seriously. Companies that provide financial services are founded on the notion of trust. In the financial industry, ensuring liquidity is critical since it serves as a baseline for the company's long-term viability. The purpose of this article is to investigate the effect of financial risks posed by insurance service firms using a literacy method based on journals, laws and regulations, and expert theories, as well as concerns relating to insurance service companies in Indonesia. The company's investment decision might have a big influence on the company's liquidity. The firm must be able to invest the cash gained from the insured's premium payment in a prospective area in order to avoid future default problems.